Australia · Delayed Price · Currency is AUD West African Resources Earnings Call Transcripts
Fiscal Year 2026
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Strong Q1 gold production and sales drove record cash flow and balance, with Kiaka ramping up and Sanbrado steady. Burkina Faso government to acquire 25% more of Kiaka for AUD 175 million, with proceeds planned for a special dividend.
Fiscal Year 2025
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Strong Q4 and full-year gold production drove record revenue and cash flow, with Kiaka ramping up and Sanbrado meeting guidance. Power stability and government discussions remain key focus areas, while capital management options are under review.
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Significant growth achieved with a market cap rising to $2.7 billion and robust cash reserves. Production is ramping up at Kiaka, with a 10-year plan targeting over 500,000 ounces annually from 2029, supported by ongoing exploration and operational excellence.
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First gold was poured at Kiaka ahead of schedule, with ramp-up to full production expected after grid power connection. Sanbrado delivered strong output, and cash flow remained robust, though sustaining costs rose due to one-off and market factors.
Fiscal Year 2024
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Gold production and cost guidance were met for the fourth consecutive year, with 206,622 ounces produced in 2024 and strong Q4 financials. Kiaka project is over 80% complete and on track for first gold in Q3 2025, positioning the company for significant production growth.
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Q3 saw strong gold production and robust financials, with Sanbrado on track for guidance and Kiaka construction progressing on schedule. Cash reserves remain high, and updated feasibility for Kiaka supports significant future growth.
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Quarterly gold production and sales were strong, with costs well below guidance and cash reserves boosted by equity and loan funding. Kiaka mine construction is on track, and operational outlook remains robust amid stable political and market conditions.